Analyzes of retail prices of apples and oranges as substitutes on green markets in Republic of Macedonia
2010
Nenad Georgiev | Konstantin Kocev
Domestic production, as supply of fruits on the market everyday is facing with the imported competition. There is no protection which existed before joining to WTO. Habits of consumers are equally related to any of substitutes. Both analyzed products are present on the market during whole year. With constant size of supply and demand, a price has the highest role in decision making process of buying one of the substitutes. Stagnation of supply and demand can be viewed during the period of harvesting and within enlarging of supply and assortment of other fruits which have direct influence on prices of apples and oranges during this period. Six years period was analyzed monthly (2003-2008). Apple prices presented larger interval of variation in analyzed period. Average price, minimal and maximal price of oranges was higher then apple prices. Interpolated trend line as second degree polynom for average yearly price shows similar accommodation (R2=0.88 apples and R2=0.85 oranges). Prices of both products are presenting explicit seasonal variations. Both products have highest prices during the summer period when the supply and assortment of other fruits is higher, at the opposite during the winter period when there is no wideness of assortment of other fruits and their direct substitution is also conditioning their lower prices in this period.
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